Evan Duffield, the founder of Dash, is departing from day-to-day duties as CEO of the cryptocurrency project.

Dash’s Director of Finance, Ryan Taylor, has been appointed as CEO of the Dash Core Project. Taylor’s responsibilities will include leading organizational growth, maintaining the project vision, and overseeing communications with Dash partners and investors.

The appointment comes as Dash Founder Evan Duffield is transitioning to an advisory role. Duffield plans to focus on other projects aimed at expanding Dash’s ecosystem, but will remain available to offer advice and consultation to the Dash Core and its developers.

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Duffield said, “Since the beginning, my ambition was to create a sustainable and resilient blockchain project without any singular points of failure. Today’s announcement has been in development for many months, and I am proud to have helped Dash become the extraordinary project it is today. For the last several months, daily operations and technology development at Dash Core have been led by now-CEO Ryan Taylor and CTO Andy Freer. Our most recent software upgrade – deployed in February – was developed and released without my hands-on involvement. Thanks to the Dash Core, our developers, advisors, masternode operators and every single user around the world, the upgrade was the smoothest yet.”

Ryan Taylor, CEO, Dash

Taylor has been a key contributor to Dash since mid-2014. Before joining Dash, he was a hedge fund analyst and previously served as an Associate Partner at McKinsey.

Taylor commented, “Evan is one of the most gifted minds in blockchain and fintech. He created something that will have a permanent and lasting impact on many people across the world in a rapidly evolving economy. The Dash Core team is committed to ensuring that we follow the grand vision Evan laid for Dash. Today, we have extensive resources in place to deliver that vision. Dash is fast becoming a popular payment option for many thousands of people around the world, and we look forward to announcing further progress in the near future as we create compelling and relevant solutions aimed at everyday people.”